Cinven to acquire BertelsmannSpringer for €1.05 billion | Cinven - Focused European Integrated World-class

▤ Summary

Cinven and Candover agree to acquire BertelsmannSpringer for €1.05 billion from Bertelsmann AG. They also plan to merge it with Kluwer Academic Publishers to form Springer, a new global number-two academic publisher. The combined business will focus on STM publishing and will serve academic and corporate researchers. The deal is backed by Cinven and Candover funds and includes financing arranged by Barclays Capital.

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